This property looks like a bad Long-Term investment with a projected -27.77% first-year return on $273k initial cash invested.
-27.77%
Cash On Cash
0.5%
Cap Rate
0.08
DSCR
$1,648
Rent
-$6,317
Cashflow
Cash Flow
$1,648 income − $7,965 expenses = $6,317 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$7,965
Mortgage P&I
411%
$6,781
Property Taxes
18%
$301
Home Insurance
28%
$455
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0